The price of BONE token surges by nearly 10% due to anticipation surrounding the launch of Shibarium’s mainnet and updates from Shytoshi Kusama.
Key Points
Bone ShibaSwap (BONE) token sees a 10% price increase in 24 hours, driven by several factors.
BONE acts as the governance token for ShibaSwap DEX and gas token for Shib’s Layer 2 blockchain.
Shytoshi Kusama’s statements about launching the blockchain and strategic plans for Shibarium contribute to the price surge.
BONE’s role in paying gas fees on Shibarium’s testnet also fuels anticipation for the mainnet launch.
Bone ShibaSwap (BONE) token has experienced a notable price increase of almost 10% in the past 24 hours. There are several factors contributing to this surge in price.
The token has seen a surge in popularity.
The #Shibarium Bone token has been the subject of several articles in cryptocurrency-focused publications.#BONE has also been integrated into several popular exchanges, making it easier for people to buy and sell. pic.twitter.com/yJsQ8pl9XN
BONE up 8% as Shytoshi Kusama issues new statement
BONE serves as the governance token for the ShibaSwap decentralized exchange (DEX), which is the official exchange platform of Shibarium. Additionally, BONE also acts as the gas token for Shib’s Layer 2 blockchain, which is set to be launched soon.
Shytoshi Kusama, the creator of Shiba Inu Coin (SHIB), recently posted in the “Shibarium Tech” channel on Telegram, stating that he is currently occupied with launching the blockchain. This response was prompted by requests from the SHIB community on Telegram for him to tweet about the alleged scam related to Shib 2.0. Kusama stated that he does not have the time to address every SHIB-related scam that arises, hinting at the imminent launch of the Shibarium mainnet.
Last week, Kusama also hinted that all the necessary preparations for the launch have been made and that the launch date and location cannot be changed, as it is part of his strategic plan for Shibarium. These developments likely contributed to the significant increase in the price of BONE, which rose by 8% within the past 24 hours. At the time of writing, BONE is being traded at $1.01.
Test Shibarium transaction peak powered by BONE
BONE is the token used for paying gas fees on Shibarium. The testnet, known as Puppynet, has been operational since March 11. As of now, the cumulative number of transactions on the testnet has surpassed 17.5 million, reaching a new all-time high. However, Kusama has repeatedly cautioned the community that testnet tokens used in these transactions are not real and are only meant for testing purposes.
In conclusion, the recent surge in the price of BONE can be attributed to the anticipation surrounding the impending launch of Shibarium’s mainnet. As Shytoshi Kusama provides updates on the progress and hints at the launch in his Telegram posts, the community eagerly awaits the deployment of Shib’s Layer 2 blockchain.
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